Cal Redwood Acquisition (NASDAQ:CRAQ) Trading Up 0.2% – Still a Buy?

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ)’s stock price was up 0.2% on Thursday . The stock traded as high as $10.19 and last traded at $10.19. Approximately 509,201 shares traded hands during trading, an increase of 457% from the average daily volume of 91,364 shares. The stock had previously closed at $10.17.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Cal Redwood Acquisition in a research note on Monday, January 26th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cal Redwood Acquisition currently has an average rating of “Sell”.

Cal Redwood Acquisition Stock Up 0.2%

Hedge Funds Weigh In On Cal Redwood Acquisition

Several institutional investors have recently modified their holdings of CRAQ. Verition Fund Management LLC increased its stake in shares of Cal Redwood Acquisition by 1.6% in the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock valued at $9,959,000 after acquiring an additional 15,265 shares during the last quarter. ABC Arbitrage SA acquired a new position in Cal Redwood Acquisition during the fourth quarter valued at approximately $304,000. L1 Global Manager Pty Ltd acquired a new position in Cal Redwood Acquisition during the fourth quarter valued at approximately $507,000. Radcliffe Capital Management L.P. increased its stake in Cal Redwood Acquisition by 16.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after purchasing an additional 76,582 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in Cal Redwood Acquisition by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after purchasing an additional 100,000 shares during the period.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.